25 January 2013

Nigeria: Again, Transactions At NSE Close On Bullish Trend

Transactions at the Nigerian Stock Exchange (NSE) on Friday closed on a bullish trend for the third consecutive day.

The News Agency of Nigeria (NAN) reports that the All-Share Index, which opened at 31,446.22 rose by 137.26 basis points or 0.44 per cent to close at 31,583.48.

Similarly, the market capitalisation grew by N44 billion to close at N10.102 trillion as against the N10.06 trillion posted on Jan. 23.

Julius Berger topped the gainers' chart with N4.68 to close at N51.52 per share.

Flour Mill came second with N3.49 to close at N73.49, while Nestle gained N2.99 to close at N753 per share.

Total appreciated by N2.60 to close at N139, while International Breweries rose by N2.17 to close at N23.89 per share.

On the other hand, New Gold led the losers' chart with a loss of N43 to close at N2,546 per unit.

It was trailed by Dangote Cement, which lost N3 to close at N147 while Air Service dropped 53k to close at N4.97 per share.

Oando followed with a loss of 40k to close at N14, while NB decreased by 39k to close at N153.60 per share.

In all, 552.92 million shares worth N6.22 billion were traded by investors in 6,565 deals.

This is against the 720.24 million shares valued at N5.13 billion exchanged in 6,974 deals on Jan. 23.


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